HIVE Digital Technologies (NASDAQ:HIVE) Stock: Insider Dave Perrill Sells 12,500 Shares

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Director Dave Perrill sold 12,500 shares of the company’s stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $2.75, for a total transaction of $34,375.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dave Perrill also recently made the following trade(s):

• On Wednesday, August 19th, Dave Perrill sold 100,000 shares of HIVE Digital Technologies stock. The stock was sold at an average price of $2.72, for a total transaction of $272,000.00.

HIVE Digital Technologies Trading Down 2.3%

Shares of HIVE opened at $2.50 on Friday. The firm has a market capitalization of $686.93 million, a price-to-earnings ratio of -1.94 and a beta of 3.76. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.96 and a quick ratio of 1.96. HIVE Digital Technologies Ltd. has a 1-year low of $1.73 and a 1-year high of $7.84. The company has a 50-day moving average of $2.94 and a 200 day moving average of $3.06.

HIVE Digital Technologies (NASDAQ:HIVE) last issued its earnings results on Friday, August 14th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.33). The company had revenue of $79.12 million during the quarter, compared to the consensus estimate of $81.72 million. HIVE Digital Technologies had a negative return on equity of 31.98% and a negative net margin of 98.49%. During the same quarter in the prior year, the company earned $0.18 earnings per share. On average, research analysts expect that HIVE Digital Technologies Ltd. will post -0.61 EPS for the current year.

Hedge Funds Weigh In On HIVE Digital Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in HIVE. TD Waterhouse Canada Inc. lifted its position in HIVE Digital Technologies by 35.9% during the second quarter. TD Waterhouse Canada Inc. now owns 18,476 shares of the company’s stock valued at $64,000 after acquiring an additional 4,877 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in HIVE Digital Technologies by 98.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 13,996 shares of the company’s stock worth $36,000 after purchasing an additional 6,956 shares during the last quarter. Verity Asset Management Inc. acquired a new position in shares of HIVE Digital Technologies during the second quarter worth $44,000. Private Advisor Group LLC acquired a new position in shares of HIVE Digital Technologies during the first quarter worth $27,000. Finally, CI Investments Inc. lifted its holdings in shares of HIVE Digital Technologies by 37.9% during the 1st quarter. CI Investments Inc. now owns 54,429 shares of the company’s stock valued at $103,000 after purchasing an additional 14,964 shares during the last quarter. Hedge funds and other institutional investors own 24.42% of the company’s stock.

Analyst Upgrades and Downgrades

HIVE has been the subject of several recent research reports. HC Wainwright restated a “buy” rating and issued a $7.00 price objective on shares of HIVE Digital Technologies in a report on Monday, August 17th. Weiss Ratings raised shares of HIVE Digital Technologies from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, August 14th. Rosenblatt Securities boosted their price target on shares of HIVE Digital Technologies from $5.50 to $6.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $10.00 price target on shares of HIVE Digital Technologies in a research report on Tuesday, August 18th. Finally, Wall Street Zen downgraded shares of HIVE Digital Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $6.95.

About HIVE Digital Technologies

HIVE Digital Technologies Ltd. is a digital-asset and data-center infrastructure company focused primarily on the mining of Bitcoin. The company operates specialized computing facilities designed to support energy-intensive digital-asset mining and has also been developing capabilities for high-performance computing and artificial-intelligence applications.

HIVE was founded in 2017 and was formerly known as HIVE Blockchain Technologies Ltd. Its operations have historically included data centers in Canada, Sweden and Iceland, and the company has expanded its infrastructure footprint internationally, including through development activities in Paraguay.